The Southern California Ports of Los Angeles and Long Beach are losing business to other West Coast ports, even as the Port of Long Beach approved a $750 million expansion, news services reported.
April 14, 2009Business, Government, Logistics
SoCal Ports Facing West Coast Competition
Business
J.B. Hunt’s 1Q Income Drops 16%
J.B. Hunt Transport Services’ first-quarter net income fell 16% to $30.8 million, or 24 cents per share, from $36.4 million, or 28 cents, a year earlier.
April 14, 2009Business
FedEx Removing 14 Jets From Service
FedEx Corp. will permanently remove 14 jets from service as part of an overall plan to reduce capacity and costs and will take a $180 million charge, the Associated Press reported.
April 14, 2009Business, Fuel
Diesel Rises 0.1¢ to $2.229 a Gallon
Diesel rose by less than a penny in its fourth straight increase, gaining 0.1 cent to $2.229 a gallon, the Department of Energy said Monday.
April 14, 2009Business, Government
March Retail Sales Drop 1.1%
Retail sales fell 1.1% in March, the Commerce Department said Tuesday.
April 14, 2009Business, Government
Business Inventories Fall 1.3% in February
Business inventories fell 1.3% in February, the sixth consecutive decline, the Commerce Department said Tuesday.
April 14, 2009Business, Logistics
Dupre Logistics Purchases Logistics Plus
Dupre Logistics said it has purchased Logistics Plus to offer more services to the beverage industry.
April 14, 2009Business, Safety, Government
Obama Taps Md. Transportation Chief for DOT Deputy Secretary
President Obama will nominate John Porcari, Maryland Transportation Secretary as deputy secretary of the Department of Transportation, the No. 2 DOT job, the White House said.
April 13, 2009Business, Government
Mexico to Press Obama on Trucking Issue
Mexico’s president will urge President Obama at their meeting in Mexico this week to allow Mexican trucks to deliver goods inside the United States, Bloomberg reported Monday.
April 13, 2009Business, Technology
Obama Notes Stimulus’ Transport-Project Progress
President Obama Monday said the federal government’s stimulus plan was on track to help shore up the nation’s infrastructure, Bloomberg reported.
April 13, 2009